Industry

Financial Services Industry

Also Known As Finance Industry

Financials

The financial services industry provides economic services tied to finance, delivered through institutions such as commercial banks, investment banks and asset managers, and encompasses a broad range of activities including financial management, consumer finance, accountancy and investment management. The sector also produces financial products such as insurance, credit cards, mortgage loans and pension funds. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/

Facts

Sector

Finance 1

FAQs

Why is the financial services industry considered controversial?

Its power and scale remain an ongoing controversy in many industrialized Western economies.

The finance industry is described as holding extragovernmental power and operating at a scale that affects domestic politics and foreign relations, particularly through the commercial banks that provide market liquidity and brokerage for large public companies and multinational corporations. That power and scale remain an ongoing controversy in many industrialized Western economies. One example is the Occupy Wall Street protest movement in the United States in 2011.

Connections

Associated With

Accounting

Accountancy is named among the industry's own core components (alongside investment banking, investment management and personal asset management), so the discipline that produces financial statements and audits sits inside the sector it makes possible.

Source Wikipedia, Financial Services

Bankruptcy of Lehman Brothers

Source Wikipedia, Bankruptcy of Lehman Brothers

Bernie Madoff Ponzi Scheme

David E. Shaw

David E. Shaw founded the hedge fund D. E. Shaw & Co. in 1988, pioneering quantitative and algorithmic trading in financial services.

Deutsche Bank Libor Manipulation Scandal

Equifax Data Breach

Finance

Financial services are, by the industry's own definition, economic services tied to finance and delivered by financial institutions; finance practice is the discipline the whole industry is organized around.

Source Wikipedia, Financial Services

FTX Collapse

Insurance Industry

The source states directly that insurance, as a financial intermediary, is a commercial enterprise and a major part of the financial services industry.

Source Wikipedia, Insurance

Legal Services Industry

Corporate law, compliance and regulatory work make the legal services industry a major service provider to the financial services industry.

Source Wikipedia, Legal Services

Payment for Order Flow

Pyramid scheme

Pyramid schemes, promising returns funded chiefly by new recruits' payments rather than legitimate revenue, are a fraud pattern regulators track within financial services.

Silicon Valley Bank Collapse

Visa Initial Public Offering

Wells Fargo Fake Accounts Scandal

Wirecard Accounting Scandal

Companies In Industry

EFG International

Source Wikipedia: EFG International

Equifax Inc.

Source Equifax (Wikipedia)

Equity Group Holdings

Source Wikidata: Equity Group Holdings

Erste Group Bank AG

Source Wikipedia: Erste Group

Everest Group

Source Wikidata: Everest Group

Fidelity Bank Nigeria

Source Wikipedia: Fidelity Bank Nigeria

Fidelity National Information Services, Inc.

Source Wikidata: Fidelity National Information Services, Inc.

Fifth Third Bancorp

Source Wikipedia: Fifth Third Bank

FinecoBank

Source FinecoBank (Wikipedia)

Fine'sa Grupa

Source Wikipedia, Fine'sa Grupa

First Bancorp

Source Wikipedia, First Bancorp

First Bank of Nigeria

Source First Bank of Nigeria (Wikipedia)

First Citizens BancShares

Source Wikipedia: First Citizens BancShares

FirstRand Limited

Source FirstRand (Wikipedia)

Fiserv, Inc.

Source Wikidata: Fiserv, Inc.

Fitch Ratings

Source Wikipedia: Fitch Ratings

Flagstar Bank

Source Flagstar Bank (Wikipedia)

Franklin Resources, Inc.

Source Wikidata: Franklin Resources, Inc.

Garanti BBVA

Source Wikidata: Garanti BBVA

GCB Bank

Source Wikipedia: GCB Bank

Genworth Financial

Source Wikipedia: Genworth Financial

Gjensidige Forsikring ASA

Source Gjensidige (Wikipedia)

Goldman Sachs

A major financial services company; classified in the atlas financial-services-industry.

Grab Holdings Limited

Source Grab Holdings (Wikipedia)

Grameen Bank

Source Wikipedia: Grameen Bank

Grupo Financiero Banorte

Source Wikipedia: Banorte

Grupo Financiero Galicia

Source Wikipedia: Grupo Financiero Galicia

GTCO Group

Source GTCO Group (Wikipedia)

Hana Financial Group

Source Wikipedia: Hana Financial Group

Handelsbanken

Source Wikipedia: Handelsbanken

Hannover Re

Source Wikipedia: Hannover Re

HDFC Bank Limited

A major financial services company; classified in the atlas financial-services-industry.

HDFC Life

Source Wikipedia: HDFC Life

Hong Kong Exchanges and Clearing Limited

Source Hong Kong Exchanges and Clearing (Wikipedia)

HSBC Holdings plc

A major financial services company; classified in the atlas financial-services-industry.

ICG plc

Source Wikipedia: ICG plc

ICICI Bank Limited

A major financial services company; classified in the atlas financial-services-industry.

IG Group Holdings plc

Source Companies House: IG GROUP HOLDINGS PLC (04677092) - Find and update company information

IM Financial Group

Source Wikipedia: IM Financial Group

Industrial and Commercial Bank of China Limited

A major financial services company; classified in the atlas financial-services-industry.

ING Groep N.V.

A major financial services company; classified in the atlas financial-services-industry.

Intercontinental Exchange, Inc.

Source Wikipedia: Intercontinental Exchange

Intermediate Capital Group plc

Source Wikidata: Intermediate Capital Group plc

Intesa Sanpaolo S.p.A.

Source Intesa Sanpaolo

Investec plc

Source Wikipedia: Investec

IOI Corporation Berhad

Source IOI Group (Wikipedia)

Isbank

Source Wikipedia: İşbank

Itau Unibanco Holding S.A.

A major financial services company; classified in the atlas financial-services-industry.

Jardine Matheson Holdings Limited

Source Wikipedia: Jardines (company)

Jio Financial Services

Source Wikipedia: Jio Financial Services

Showing 101 to 150 of 276 in Companies In Industry, page 3 of 6.

In Sector

Financials

Additional Source Wikipedia: Global Industry Classification StandardGICS: Diversified Financial Services

Sources

1. Wikipedia, Financial Services

Wikipedia

Lead section
Economic services tied to finance provided by financial institutions.
Lead section, third paragraph
Styles of financial institutions include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many types of broker, and some government-sponsored enterprise.
Associated With: Accounting, lead section, accountancy component
Financial services include accountancy, investment banking, investment management, and personal asset management
Associated With: Finance, lead section, opening definition
Financial services are economic services tied to finance provided by financial institutions.